Authored or posted by Pao Chang |
Updated on August 10th, 2016 |
Published on August 10, 2016

Did you know that shortly after you default on a loan the original “creditor” gets paid in full from an insurance company? Shortly after the original creditor gets the insurance money, they sell the account of the loan to scam artists known as debt collectors. The following short video reveals some shocking truths about the debt collection industry and shows a few empowering methods to help you stop debt collectors from stealing your money.

There, you will find how to receive your Debt Termination Package, which includes:

Full, easy-to-understand instructions on how to use the letters in the package;

Your 1st letter: Notice of Claimant’s Offer to Perform Upon Validation of Debt. With this, you are asking for the debt collector to give you proof that he has a contract with you. (He does not, and consequently will not be able to supply you with proof.)

Your 2nd letter: Notice of Fault in Dishonor. With this, you are reminding the debt collector that you have asked him to prove his contract with you and that he has not responded within the deadline you provided. This second letter is another opportunity for him to prove that he has a claim.

Your 3rd letter: Notice of Default in Dishonor. With this, you are reminding the debt collector that you have given him 2 opportunities to prove that he stands in honor in his claim and that he has not responded. This third letter notifies the debt collector that you are discharging his claim.

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